PAX Gold ($PAXG ) continues its confident growth: the current price is $4345, over the last 24 hours the coin has gained 3%, and the RSI has risen to 74.27, indicating overbought conditions and a possible local correction. However, the strengthening of gold as a safe-haven asset and stable demand from investors support the bullish sentiment for the asset.
Technically, PAXG is approaching the local resistance zone, where fluctuations and profit fixation by short-term traders are possible. If buyers maintain the momentum, the coin may continue to rise towards new highs.
📈 Bullish scenario
During a pullback $PAXG to the zones 4250–4300$, an aggressive entry on correction is possible.
TP: 4450–4550$
SL: 2–5% from the entry point (≈ 85–215$).
When the price moves positively, it is recommended to move SL to breakeven.
📉 Bearish scenario
If the support at 4250$ is broken, the price may go to 4150–4200$.
Here, a cautious purchase from the lower levels with a short stop is suitable.
TP: 4300–4400$
SL: 2–5% from the entry point.
Use a small % of the deposit, as even the 'golden' asset has significant volatility.
Write your expectations for PAXG in the comments — will the asset continue to rally or is it time to cool off? Subscribe to not miss important analytics and signals, gain an advantage in the market, and join my copy trading.
